#16 Best Colleges in America

Penn Tuition & Cost

Philadelphia, Pennsylvania

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How much does it cost to attend?

In State Pennsylvania Resident Sticker Price

In State Costs for University of Pennsylvania
Fee Cost
Books and Supplies$1,358
Other Fees$7,058
Room and Board $17,304
Other Expenses Budget$2,926

Out of State Resident Sticker Price

Out of State Costs for University of Pennsylvania
Fee Cost
Books and Supplies$1,358
Other Fees$7,058
Room and Board $17,304
Other Expenses Budget$2,926

In-State Tuition

In-state tuition at University of Pennsylvania for undergraduate students residing in Pennsylvania is $54,652. Room and board charges total $17,304 per year. Students will also need to budget for books and supplies, which typically amount to $1,358 annually. Other administrative or academic fees are $7,058 for the year. Additionally, students should plan an estimated $2,926 for other miscellaneous expenses throughout the year. In sum, residents attending University of Pennsylvania full time should expect a total annual cost of $83,298.

Out-of-State Tuition

Undergraduate tuition at University of Pennsylvania is $54,652 for out-of-state students. Additionally, out-of-state students are charged $17,304 for room and board, $1,358 for textbooks and educational resources, plus fees of $7,058. Students are advised to budget $2,926 for other expenses. When these costs are combined, annual out-of-state charges total $83,298. This figure is 0% higher than what Pennsylvania residents pay.

All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

The average reported annual net price for University of Pennsylvania for students receiving grants or scholarship aid was $24,167 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

The net price provides a more realistic estimate of the true cost of attending University of Pennsylvania, once common grants and scholarships have been taken into account. It's important to note that this net price can fluctuate based on factors such as family income and individual financial need.

Average Net Price 2019/2020

Net Price by Income University of Pennsylvania
Family Income Net Price Paid
$0 to $30,000$580
$30,001 to $48,000$1,938
$48,001 to $75,000$12,020
$75,001 to $110,000$20,957

Financial Aid

49% of full-time undergrad University of Pennsylvania received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $54,019 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 11% of students received Federal Student Loans averaging $5,182 and 3% of undergrads took out private student loans averaging $27,541.

Finanical Aid University of Pennsylvania
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $54,019 49%
Institutional Grants and Scholarships $51,169 47%
Pell Grants $5,138 15%
Other Federal Grants $3,980 12%
State and Local Grants $2,906 5%
Federal Student Loans $5,182 11%
Other Student Loans $27,541 3%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to University of Pennsylvania, we've modeled a ten year student loan with an original principal value of $82,368. The loan balance of $82,368 is a four year multiple of the $20,592 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $873 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.99%.

Example Loan $82,368
Stafford Loan Interest Rate 4.99%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $873.24
Total Interest Paid $22,420.55
Sum of All Loan Payments $104,788.55

Projected 4 Year Degree Price

4 Year Sticker Price

Year Pennsylvania Residents Non Residents
1 $83,298 $83,298
2 $86,624 $86,624
3 $90,084 $90,084
4 $93,681 $93,681

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at University of Pennsylvania to be $333,192 - assuming graduation in normal time. The estimation assumes a 4% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at University of Pennsylvania
Price Per Credit 3 Credit Class 4 Credit Class
Out of State Residents $1,945 $5,835 $7,780

Estimated cost for a class at University of Pennsylvania based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at University of Pennsylvania versus other colleges.

Tuition Payment Plans Available

University of Pennsylvania Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan Yes
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Costs for Similar Colleges 

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Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=215062 IPEDS survey data for University of Pennsylvania.